An economic analysis of how the rural poor in Vietnam cope with income shocks

Thi Hoang Giang Nguyen

Research output: ThesisDoctoral Thesis

Abstract

We study the responses of poor Vietnamese rural households to income shocks using survey panel data. The research results are as follows. Households smooth consumption against idiosyncratic income shocks due to ill health, but not against covariate income shocks, such as floods, that affect the whole community. Second, households smooth productive assets against all shocks. Third, income shocks change the risk preferences of households: lower income household heads are more risk averse; but some very low income households are risk-seeking. Fourth, strategies that diversify income sources increase the resilience of household income to shocks.
LanguageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • The University of Western Australia
Supervisors/Advisors
  • White, Benedict, Supervisor
  • Ma, Chunbo, Supervisor
Thesis sponsors
Award date12 Feb 2018
DOIs
StateUnpublished - 2018

Fingerprint

Household
Income shocks
Economic analysis
Low income
Risk seeking
Ill-health
Panel data
Rural households
Household income
Covariates
Assets
Risk-averse
Risk preferences
Resilience
Income

Cite this

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title = "An economic analysis of how the rural poor in Vietnam cope with income shocks",
abstract = "We study the responses of poor Vietnamese rural households to income shocks using survey panel data. The research results are as follows. Households smooth consumption against idiosyncratic income shocks due to ill health, but not against covariate income shocks, such as floods, that affect the whole community. Second, households smooth productive assets against all shocks. Third, income shocks change the risk preferences of households: lower income household heads are more risk averse; but some very low income households are risk-seeking. Fourth, strategies that diversify income sources increase the resilience of household income to shocks.",
keywords = "income shock, risk-coping strategy, Vietnam, risk preference, consumption smoothing, asset smoothing",
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language = "English",
school = "The University of Western Australia",

}

Nguyen, THG 2018, 'An economic analysis of how the rural poor in Vietnam cope with income shocks', Doctor of Philosophy, The University of Western Australia. DOI: 10.4225/23/5abae1c0a0852

An economic analysis of how the rural poor in Vietnam cope with income shocks. / Nguyen, Thi Hoang Giang.

2018.

Research output: ThesisDoctoral Thesis

TY - THES

T1 - An economic analysis of how the rural poor in Vietnam cope with income shocks

AU - Nguyen,Thi Hoang Giang

PY - 2018

Y1 - 2018

N2 - We study the responses of poor Vietnamese rural households to income shocks using survey panel data. The research results are as follows. Households smooth consumption against idiosyncratic income shocks due to ill health, but not against covariate income shocks, such as floods, that affect the whole community. Second, households smooth productive assets against all shocks. Third, income shocks change the risk preferences of households: lower income household heads are more risk averse; but some very low income households are risk-seeking. Fourth, strategies that diversify income sources increase the resilience of household income to shocks.

AB - We study the responses of poor Vietnamese rural households to income shocks using survey panel data. The research results are as follows. Households smooth consumption against idiosyncratic income shocks due to ill health, but not against covariate income shocks, such as floods, that affect the whole community. Second, households smooth productive assets against all shocks. Third, income shocks change the risk preferences of households: lower income household heads are more risk averse; but some very low income households are risk-seeking. Fourth, strategies that diversify income sources increase the resilience of household income to shocks.

KW - income shock

KW - risk-coping strategy

KW - Vietnam

KW - risk preference

KW - consumption smoothing

KW - asset smoothing

U2 - 10.4225/23/5abae1c0a0852

DO - 10.4225/23/5abae1c0a0852

M3 - Doctoral Thesis

ER -